It’s about time myths behind directors’ pay went up in smoke

Company chairmen say they must dole out vast amounts to their chief executives to stop them being poached by rivals. It’s a market, right? Like football: pay the going rate or your star player will get snapped up elsewhere.  Well, yes, it is a market but, as a big Imperial Brands shareholder explained over lunch the other day, it’s one with lower demand than you’d think. 

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